What is the limit for a commercial source credit card purchase?

What is the limit for a commercial source credit card purchase?

• A. $1,000
• B. $5,000
• C. $10,000
• D. $50,000

Answer: (B)

The limit for a commercial source credit card purchase is set at $5,000. This cap is established to ensure that expenditures remain within a reasonable threshold for most supply and procurement needs while maintaining budgetary control within various departments. By keeping the limit at this level, it allows petty officers and other purchasing officials to manage and make purchases efficiently without requiring excessive levels of oversight for low to moderately priced items. Purchases above this threshold typically necessitate a more formal procurement process, which includes additional approvals and documentation, ensuring greater accountability for larger expenditures.

The limit for a commercial source credit card purchase is set at $5,000. This cap is established to ensure that expenditures remain within a reasonable threshold for most supply and procurement needs while maintaining budgetary control within various departments. By keeping the limit at this level, it allows petty officers and other purchasing officials to manage and make purchases efficiently without requiring excessive levels of oversight for low to moderately priced items. Purchases above this threshold typically necessitate a more formal procurement process, which includes additional approvals and documentation, ensuring greater accountability for larger expenditures.